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Salary cap expected to be released tonight

UPDATE: The salary cap will be higher than the $56.1M projection, according to a league executive. The moratorium ends on Thursday morning at 12:01 AM and it will be when the NBA releases its official cap figure for the 10-11 season.

Well, it’s unofficially official. Dwyane Wade and Chris Bosh each has publicly declared his intention to sign with the Miami Heat.

That leaves LeBron James as the only member of the triumvirate yet to make a decision.

There has been much discussion as to whether the Heat can actually afford to pay him the max within the confines of the salary cap. Of course, that depends on what the salary cap is.

The latest estimates provided by Commissioner David Stern, on April 16, called for a cap of $56.1 million. The final figure is expected to be released by tonight.

Keep these two figures in mind:

$55,986,936: If the cap meets or exceeds this figure, the Heat will be able to offer three max contracts IF it moves Michael Beasley and Mario Chalmers

$56,367,721: If the cap meets or exceeds this figure, the Heat will be able to offer three max contracts IF it moves Michael Beasley

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  1. Remote Heat fan
    July 7th, 2010 at 13:03 | #1

    Doing my best Ms. Cleo . . .

    Wade/Bosh/LeBron – 14m each – Wade on a 6 year, Bosh/LeBron on a 5 year, all with a 3 year opt-out.

    That leaves roughly 14m to fill out the rest. Look for some 3-5m players – Haywood @ 5m.

    It would NOT surprise me to see Shawn Marion back here in a S&T.

  2. Julian
    July 7th, 2010 at 13:54 | #3

    i think they all take less, to add other role players. This is the beginning of a dynasty!

  3. Eric
    July 7th, 2010 at 14:14 | #4

    Thanks, Albert! These were just the numbers I was looking for going into tonight! Impressive!

  4. B.C.
    July 7th, 2010 at 15:32 | #5

    Chad Ford might want to start reading this blog. Why is the difference not the equivalent of Chalmers’ salary?

  5. July 7th, 2010 at 15:38 | #6

    @B.C.
    Because of roster charges. You will note that the difference is exactly Chalmers’ salary ($854,389) less one roster charge ($473,604).

  6. William Jones
    July 7th, 2010 at 15:53 | #7

    It’s official folks. Lebron will be announcing tomorrow night he is headed to play with Dwyane Wade and Chris Bosh on the Heat. I just got this information from a source in the Heat front office. It won’t be announced until tomorrow night on ESPN at 9 pm, but it’s a done deal. He has met with Micky Arison privately the last two days and his mind is made up. The price on Heat season tickets is going up 20% tomorrow.

  7. B.C.
    July 7th, 2010 at 16:15 | #8

    Ah, now I see it. Thanks. Henry Abbott is also still saying that the Heat can’t pay all three the max. I think I’ll e-mail him the link to your analysis.

  8. Jon
    July 7th, 2010 at 19:29 | #10
  9. July 7th, 2010 at 19:32 | #11

    @Jon
    The league will certainly have a lot to answer for. The player’s association will not be happy with the original projections as low as $50 million, which caused several teams to shake up their rosters. Just another source of tension between the two sides.

  10. Remote Heat fan
    July 7th, 2010 at 19:42 | #12

    @Albert.

    The number should be higher than the 56.1.

    How many 6 and 7 game series were there in the playoffs? Those extra games count towards the BRI.

  11. Jon
    July 7th, 2010 at 19:48 | #14

    The number was just announced at $58M. Really looking forward to hearing your take on how this effects Miami.

  12. Eric
    July 7th, 2010 at 19:52 | #15

    Me too!

  13. Eric
    July 7th, 2010 at 19:53 | #16

    The exact salary cap figure, according to league sources, is $58,044,000, up from $57.7 million in the 2009-10 season.

  14. Eric
    July 7th, 2010 at 19:57 | #17

    The luxury-tax line for the coming season will be $70,307,000, up from $69.9 million.

    The mid-level exception for next season is $5.7 million

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